Can I retire at age 45 with 924,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $924,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$76,303$75,623$74,960$74,313$73,681$70,898
2 years$37,774$37,070$36,388$35,727$35,086$32,314
3 years$24,932$24,226$23,546$22,891$22,260$19,587
4 years$18,513$17,809$17,135$16,492$15,876$13,322
5 years$14,662$13,962$13,298$12,667$12,069$9,640
6 years$12,096$11,401$10,747$10,130$9,550$7,249
7 years$10,264$9,575$8,930$8,328$7,766$5,592
8 years$8,890$8,207$7,574$6,987$6,443$4,393
9 years$7,822$7,146$6,523$5,951$5,426$3,498
10 years$6,968$6,299$5,687$5,130$4,623$2,813
11 years$6,270$5,607$5,007$4,464$3,976$2,280
12 years$5,689$5,033$4,443$3,916$3,446$1,860
13 years$5,198$4,548$3,970$3,457$3,005$1,524
14 years$4,777$4,134$3,567$3,069$2,634$1,254
15 years$4,412$3,777$3,221$2,737$2,319$1,035
16 years$4,094$3,465$2,920$2,451$2,050$856
17 years$3,813$3,191$2,657$2,202$1,817$710
18 years$3,564$2,949$2,425$1,984$1,616$590
19 years$3,341$2,733$2,220$1,793$1,440$490
20 years$3,140$2,540$2,038$1,624$1,286$408
21 years$2,959$2,366$1,874$1,474$1,151$340
22 years$2,795$2,208$1,728$1,340$1,032$284
23 years$2,645$2,065$1,595$1,220$926$237
24 years$2,508$1,935$1,475$1,113$833$198
25 years$2,382$1,816$1,366$1,017$749$165
26 years$2,266$1,707$1,267$929$675$138
27 years$2,159$1,606$1,177$851$608$116
28 years$2,059$1,513$1,094$779$549$97
29 years$1,967$1,428$1,018$715$496$81
30 years$1,881$1,348$948$656$448$68
31 years$1,800$1,275$884$602$405$57
32 years$1,725$1,206$825$554$366$47
33 years$1,655$1,142$770$509$332$40
34 years$1,589$1,083$720$468$300$33
35 years$1,526$1,027$673$431$272$28
36 years$1,468$975$629$397$246$23
37 years$1,412$926$589$366$223$19
38 years$1,360$880$552$337$202$16
39 years$1,310$836$517$311$184$14
40 years$1,263$796$484$287$166$11
41 years$1,219$758$454$265$151$10
42 years$1,176$721$426$244$137$8
43 years$1,136$687$400$225$124$7
44 years$1,098$655$375$208$113$6
45 years$1,061$625$352$192$102$5
46 years$1,027$596$331$178$93$4
47 years$993$569$311$164$84$3
48 years$962$543$292$152$77$3
49 years$931$519$275$140$70$2
50 years$902$495$258$130$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $924,000, adding $3,813 every year, while hoping to spend $51,448 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 71/15/14 Blend
44$924,000$924,000$924,000$924,000
45$1,022,181$973,209$958,887$1,091,319
46$1,071,703$966,156$936,270$1,130,639
47$1,124,552$957,033$911,170$1,167,068
48$1,181,014$945,685$883,451$1,205,598
49$1,241,399$931,945$852,969$1,246,427
50$1,306,051$915,640$819,573$1,289,775
51$1,375,346$896,584$783,106$1,335,882
52$1,449,696$874,581$743,404$1,385,018
53$1,529,552$849,422$700,295$1,437,478
54$1,615,411$820,889$653,600$1,493,591
55$1,707,817$788,747$603,130$1,553,719
56$1,807,370$752,751$548,690$1,618,262
57$1,914,725$712,640$490,075$1,687,665
58$2,030,606$668,137$427,071$1,762,419
59$2,155,805$618,953$359,455$1,843,066
60$2,291,193$564,778$286,993$1,930,205
61$2,437,729$505,286$209,442$2,024,501
62$2,596,466$440,134$126,547$2,126,686
63$2,768,562$368,957$38,042$2,237,571
64$2,955,290$291,371$0$2,358,052
65$3,158,051$206,969$0$2,497,546
66$3,378,386$115,324$0$2,655,332
67$3,617,988$15,982$0$2,826,977
68$3,878,722$0$0$3,013,864
69$4,162,640$0$0$3,232,626
70$4,471,998$0$0$3,473,909
71$4,809,282$0$0$3,737,016
72$5,177,224$0$0$4,024,087
73$5,578,834$0$0$4,337,475
74$6,017,424$0$0$4,679,770
75$6,496,642$0$0$5,053,825
76$7,020,501$0$0$5,462,781
77$7,593,422$0$0$5,910,094
78$8,220,271$0$0$6,399,572
79$8,906,407$0$0$6,935,406
80$9,657,729$0$0$7,522,212
81$10,480,738$0$0$8,165,073
82$11,382,587$0$0$8,869,587
83$12,371,159$0$0$9,641,920
84$13,455,133$0$0$10,488,861
85$14,644,068$0$0$11,417,889
86$15,948,496$0$0$12,437,241
87$17,380,013$0$0$13,555,992
88$18,951,395$0$0$14,784,134
89$20,676,714$0$0$16,132,679
90$22,571,473$0$0$17,613,752
91$24,652,748$0$0$19,240,715
92$26,939,351$0$0$21,028,284
93$29,452,006$0$0$22,992,673
94$32,213,545$0$0$25,151,744
95$35,249,120$0$0$27,525,176
96$38,586,441$0$0$30,134,649
97$42,256,040$0$0$33,004,047
98$46,291,552$0$0$36,159,688
99$50,730,036$0$0$39,630,565
100$55,612,323$0$0$43,448,622